"The issue of state funding of elections is also being considered by a GoM constituted by the central government on January 6, 2011 for considering measures that can be taken by government to tackle corruption. A final view in this regard is yet to be taken," Law Minister Ashwani Kumar said in a written reply in Rajya Sabha yesterday.

He was asked whether the government has framed a new law to make funding of political parties more transparent.

"The government and the Election Commission are seriously concerned about the role of money power in elections," Kumar said.

He said that the Commission has taken several measures including opening of separate division to oversee election expenditure, appointment of expenditure observers, flying squads and static surveillance teams to keep vigil over movement of cash, liquor and other items during polls.

With a view to carrying out comprehensive electoral reforms, a Core Committee was constituted by the Legislative Department in October 2010 under Vivek K Tankha, Additional Solicitor General. The talking points of the Committee included state funding of elections, the Law Minister said.